HomeMy WebLinkAbout2011-12-05 SSPECIAL FINANCE AND CORPORATE SERVICES COMMITTEE
The Finance and Corporate Services Committee met this date commencing at 9:03 a. m.
Present: Councillor S. Davey -Chair
Mayor C. Zehr and Councillors B. Vrbanovic, J. Gazzola, Y. Fernandes, K. Galloway, P.
Singh, B. loannidis, Z. Janecki, F. Etherington and D. Glenn-Graham.
Staff: C. Ladd, Chief Administrative Officer
J. Willmer, Deputy CAO, Community Services
P. Houston, Deputy CAO, Infrastructure Services
D. Chapman, Deputy CAO, Finance & Corporate Services
R. Regier, Executive Director, Economic Development
R. Bunn, Chief Information Officer /Director of IT
R. Gosse, Director, Legislated Services & City Clerk
J. Witmer, Director of Operations
J. Evans, Director of Revenue
S. Adams, Director, Community & Corporate Planning
S. Turner, Director, By-law Enforcement
M. Hildebrand, Director, Community Programs & Services
C. Fletcher, Director, Facilities Management
M. Selling, Director of Building
G. Murphy, Director of Engineering
J. McBride, Director of Transportation Planning
A. Pinard, Director of Planning
W. Malcolm, Director of Utilities
T. Beckett, Fire Chief
R. Hagey, Interim Director /Manager of Financial Planning
A. Bailey, Senior Manager Communications
D. Campbell, Manager, Community Resources Centres
D. Keelan, Manager, Aquatics & Athletics
K. Kugler, Manager, The AUD & Community Arenas
L. Palubeski, Manager, Program & Resources Services
N. Gollan, Manager, Stormwater Utility
G. McTaggart, Manager, Infrastructure Asset Planning
C. Bluhm, Downtown Community Development
J. Young, Manager, Special Events
D. Gilchrist, Committee Administrator
C. Goodeve, Committee Administrator
FCS-11-217 - 2012 OPERATING BUDGET
The Committee considered Finance and Corporate Services Department report FCS-11-217,
dated November 16, 2011 concerning the City's 2012 Operating Budget, together with a
consolidated budget summary by Department /Object and Budget Issue Papers for specific
items. In addition, the Committee was in receipt this date of revisions to the original Operating
Budget package.
Mr. D. Chapman presented the Operating Budget submission, advising that it has been
developed in accordance with Council's 2012 Budget guidelines. He stated that the Budget
maintains existing service levels with no new programs or services proposed, nor any new tax
supported Full Time Employees (FTEs). He indicated that in order to achieve this target, a 2%
reduction was applied to all controllable costs. He stated that these reductions have already
been included and go beyond the 2% cut guideline established by Council. He commented
that while the budget submission does not include cuts to services, this may still occur. He
noted that the potential 2% reduction list contains items that if approved would reduce service
levels. In addition, the lack of funding to keep pace with growth will have the effect of eroding
service levels over time. He advised that although the impact may be minor in each year, on a
compounding basis it can become significant. He stated that at present, only a minimal
allocation has been put forward to increase the Operations Division's Budget to address the
geographic outward expansion of the City; however, this is not sufficient to keep pace with the
City's rate of growth. Mr. Chapman pointed out that the City has been facing Operating deficits
in recent years, which cannot be funded indefinitely; therefore, the underlining issues need to
be addressed. Accordingly, a more accurate level of budgeting for Winter Control is being
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proposed as well as a phase out of the reliance on transfers from the Tax Stabilization
Reserve Fund. He indicated that several issues remain unaddressed as they were not
considered affordable, those being: hydro costs, gapping and By-law Enforcement revenue
shortfalls. He stated that those items need to be dealt with in the medium to short-term, or the
City will continue to experience Operating deficits. In response to questions, he advised that if
the three excluded items were added to the Budget, it would equate to an additional 1.5%
increase to the proposed tax levy.
Mr. Chapman reviewed the proposed tax rate increase, including and excluding the Economic
Development Investment Fund (EDIF), relative to the Consumer Price Index (CPI), and
Municipal Price Index (MPI) over the past ten years. He stated that reasonable annual tax
increases, combined with the ongoing budget efficiencies and reductions, has enabled the City
to keep property tax increases in line with the rate of inflation. In addition, tax increases,
including EDIF have remained in the range of MPI, and excluding EDIF are within the range of
CPI.
Mr. Chapman next reviewed a comparison of municipal costs for an average household
between Kitchener and the Cities of Waterloo and Cambridge in 2011, showing that Kitchener
is in the middle range. In response to questions, he advised that the difference between the
assessed values for an average household in each of the three Cities is consistent with what
was presented as part of last year's budget submission. He stated that this is reflective of the
Municipal Property Assessment Corporation (MPAC) phase-in of assessment increases from
2008 to 2012. He noted that MPAC's phase-in of assessment increases would not impact the
City's tax levy.
In reviewing the utilities costs paid by the average homeowner in each of the three Cities, Mr.
Chapman advised that the major difference is the costs for natural gas. He explained that
Kitchener Utilities' purchases gas at fixed prices up to five years in advance to provide stable
pricing for gas supply. He indicated that Waterloo and Cambridge use Union Gas, who buys
all of their gas at the prevailing spot price. He commented that historically, Kitchener's price
has been lower than Union Gas. He noted that the current situation is due to the drastic
decrease in gas prices since mid-2009; however, the two rates are anticipated to converge
within the next two years.
Mr. Chapman advised that according to the 2009 survey conducted by Environics, residents'
value high services over low taxes by a ratio of more than 2:1. He stated that the feedback
from that survey shows citizens believe that the City is headed in the right direction as well as
being satisfied with City government and services. He indicated that the City is well positioned
relative to its strategic directions to ensure that it has competitive and rationale taxation levels.
TAX SUPPORTED OPERATING
Mr. R. Hagey gave an overview of the net expenditure by Department and agreed to provide
an analysis that breaks out the general expense item into its major component parts.
Additionally, at the request of Councillor Y. Fernandes, staff further agreed to provide an
analysis breaking down total expenses by cost element (e.g. salaries, utilities, etc.).
Mr. Hagey reviewed the proposed Tax Levy Change Summary and the detailed listing of items
included in the change. He explained that proposed base budget changes from the 2011
budget equates to a tax levy increase of 2.11%. However, taking into account budget
sustainability adjustments of 0.77%, fringe benefit changes of 0.71% and items related to
growth equalling -0.69%, it increases to 2.9%. When added with the Economic Development
Investment Fund (EDIF) of 0.97%, the proposed tax levy increase for 2012 is 3.87%. He
stated that the 2011 tax levy base is $96,726,000., adding that a 1% change in the Budget
would impact the average household in Kitchener by $9.56. He then reviewed some of the
items impacting the tax levy change and the associated Issue Papers.
Issue Paper #1 -Budget sustainability Adjustments
Concerning the two year phase-out of the additional Parking Enterprise dividend in the amount
of $563,000., Councillor K. Galloway questioned the feasibility of phasing-out only $226,000. in
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1. FCS-11-217 - 2012 OPERATING BUDGET ICONT'D
2012 as opposed to the recommended $337,000. Mr. Hagey acknowledged that this could be
examined; however, the projections for the Parking Enterprise are coming in under what was
originally estimated. He cautioned that delaying the removal of the additional dividend would
adversely affect the deficit already being experienced by the Enterprise. He confirmed that the
2012 Budget does assume revenues from the Charles / Benton as well as the Civic Centre
garages, and is still projecting that there would be insufficient funds to maintain the higher
dividend.
Questions were raised regarding the proposed increases for Winter Control. Ms. P. Houston
advised that the challenge with phasing-in the $400,000. proposed for the Winter Control
budget, is that an analysis has shown that an additional $700,000. is needed to reach a
sustainable funding level. She stated that the proposed funding represents approximately half
of what is needed and reducing it would only further compound the deficit going forward. She
pointed out that an Operations review will be conducted in 2012, which forms part of the
rationale as to why staff are not proposing to phase-in the full amount at this time.
Mr. J. Witmer advised that an analysis of the past eight years has shown the Operations
Division to be continually under-budgeted. He indicated that this year began with a $700,000.
deficit, adding that the requested $400,000. is based on an eight year average adjusted to
2010 levels. He stated that the reality is when the weather comes staff have to spend the
funds necessary to clear the roads. He added that if the base budget is not at an appropriate
level, then the gap in funding continues to increase. He advised that at times, such as 2010
when the City experienced a relatively light winter, surpluses were reallocated to balance the
remainder of the Operations Division budget that was inadequate to support the cost of
providing services. He stated that the requested $400,000. is to ensure sufficient funding is
available during an average winter and to provide a certain level of control over the gap that
occurs if there is a greater than average accumulation of snow in a given year. He pointed out
that over the past eight years they have exceeded budget estimates by $1.2M to $1.8M, which
creates a significant challenge for the rest of the Corporation. He indicated that the requested
funding is intended to help stabilize the Winter Control budget and reduce the impact of future
fluctuations.
In response to further questions, Mr. Hagey advised that a specific reserve fund has not been
established for Winter Control, adding that typically over-expenditures have been financed
through the Tax Stabilization Reserve Fund (TSRF). He noted that the TSRF has virtually a
zero balance and would not be able to accommodate the current Winter Control deficit, which
is currently estimated at $1.9M. Mr. Chapman stated that the projected deficit in the Winter
Control budget is intended to be mitigated through diverting capital close-outs that have
historically gone toward items in the Capital Forecast. He commented that the City has been
fortunate to have these capital close-outs to alleviate the projected operating deficit. He
cautioned that the City cannot rely on these kinds of measures to be present in the future,
adding that what is being put forward is a budget that reflects a realistic cost for a service
based on the historic average.
Questions were raised as to what would happen if no funding mechanism was in place to
address the projected Winter Control shortfall. Mr. Hagey advised that the $1.9M deficit would
then become item one of next year's budget, and would represent an unavoidable 2% increase
to the tax levy for that year. He indicated that the year-end for the 2011 Budget is anticipated
to be finalized by early February 2012. Mr. Chapman noted that should a deficit still remain at
that time, the 2012 Budget would need to be re-opened provided no billings have been issued.
Issue Paper #2 -Fringe Benefits Changes
Questions were raised as to whether the City was required to provide benefits to part-time and
temporary employees. Mr. Hagey advised that the amount of benefits provided to temporary
and part-time employees is substantially less than what is provided to full-time staff. Mr.
Chapman added that also included in the fringe rate are things such as, Employment
Insurance (EI) and Canadian Pension Plan (CPP) contributions provided to all employees.
At the request of Councillor B. loannidis, staff agreed to provide further information on the
benefit plans across the various employee groups and the City's benefit requirements.
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1. FCS-11-217 - 2012 OPERATING BUDGET ICONT'D1
Issue Paper #3 -Growth Items
In response to questions, Mr. Witmer confirmed that the requested $180,000. for turf
maintenance is needed in order to maintain existing service levels. He stated that reducing the
time between cuttings of parks and road allowances from the current four weeks to five would
not be staffs' preference. He confirmed that if funding is not available and the community is
willing to accept a lower service level; the requested $180,000. has been included as a
potential 2% reduction item, given that it relates to aesthetics and playability.
Questions were raised regarding whether Neighbourhood Associations were asked to pay a
fee for use of the Active Network (former CLASS system) for program registrations. Ms. D.
Campbell advised that a pilot project is currently being undertaken at four community centres
and those Neighbourhood Associations have committed funds toward the cost difference
related to staffing, credit card /debit fees and the use of the Active Network system.
Clarification was requested regarding assessment growth. Mr. Hagey advised that when staff
were originally forecasting the budget an assessment growth of 1.50% was used. He stated
that actual assessment growth has come in at 1.82%, and the budget has been adjusted
accordingly. He noted that the increase in assessment growth equates to $304,000. of
additional revenue, which is proposed to be allocated to fund Active Network software costs,
credit card fees, and Kitchener Operations Facility (KOF) operating costs. He further clarified
that the 2% assessment rate used for the Capital Forecast was not re-adjusted as that is
based on a ten year average. Mr. Chapman added that assessment growth only benefits the
Operating budget. He stated that the reason why it is mention in relation to the Capital budget
is because it is used as a basis to indicate how much will be transferred from the tax base
supported Operating budget into the Capital program. He noted that the $97,000. contribution
to the Capital program assumes a 3% inflation rate and 2% assessment growth; and, if 1.82%
was used there would be a minimal difference in the amount being transferred.
Councillor S. Davey requested that additional information be provided on how the City
negotiates credit card agreements.
Councillor J. Gazzola asked for further information as to how widely credit cards used, and if
the City can charge customers a convenience fee. Mr. Chapman commented that under the
current Merchant Agreement, the City may be precluded from adding a service charge;
however, staff agreed to further investigate this issue.
UNFUNDED ITEMS
Mr. Hagey advised that there are six items that have not been included as part of the budget
submission totaling $1.5M, as outlined in Issue Papers #4 to #9. He noted that moving forward
with any of these items would serve to effectively increase the base Operating budget.
Issue Paper #4 -Gapping
Councillor J. Gazzola requested clarification regarding the City's gapping program. Mr. Hagey
advised that gapping is an approved process whereby unused salary and fringe benefit dollars
during a staff vacancy are transferred from the departmental operating budgets to the gapping
budget. He agreed to report back with more detail on the current gapping program.
Issue Paper #5 -Tax Stabilization Reserve Fund (TSRF)
In response to questions, Mr. Hagey advised that historically the TSRF has been used as a
budgeted funding source to reduce the need for tax rate increases. He stated that this has
resulted in a depletion of the Reserve to the point where it is projected to have a balance of
approximately $2,000. in 2012. He noted that this means there are no contingencies available
to mitigate any unforeseen issues, or to accommodate a budget variance. He indicated that
the benchmark target recommended for this kind of Reserve is 5%-15% of the net tax levy,
which equates to $4.7M - $14.2M. He commented that his preference would be to completely
eliminate the transfer from the TSRF to the tax base and leave the remaining $455,000. in the
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Reserve. He stated that typically, these kinds of Reserves are funded through year-end
surpluses and by having a more sustainable Operating budget over time the balance in the
Reserve would naturally increase. He confirmed that the TSRF had a pervious balance of
approximately $10M; however, due to issues, such as the Gaukel Street remediation, this
balance was depleted. He stated that fundamentally having funding from the TSRF, which has
no ongoing funding source, applied toward the Operating budget is not sustainable; as this
does not allow the Reserve to be replenished.
Mayor C. Zehr advised that the Region of Waterloo has a stabilization reserve similar to the
TSRF, which is impacted by social services payments in the same manner that Winter Control
affects the TSRF. He stated that the Region's reserve is capped at $10M and measures are
built into the annual budget to maintain that balance. He indicated that this reserve allows the
Region to mitigate any major financial issues it may face in a particular year. He expressed
support for eliminating reliance on the transfer from the TSRF to the tax base would help to re-
establish asimilar safety net for the City.
Mr. Chapman responded to further questions, indicating that a vast majority of municipalities
have a tax stabilization reserve, with some having multiple stabilization reserves earmarked for
specifically items, such as Winter Control. He added that in the past, the TSRF was
replenished through operating surpluses as well as supplementary taxes and investment
income. He stated the best means of funding the TSRF is by having a balanced budget,
whereby any surpluses can be used as a mechanism to re-build the Reserve.
Issue Paper #6 - Hydro costs
Ms. C. Fletcher advised that Facilities Management uses a number of strategies to reduce
hydro costs including lighting retrofits using the most recent technology in all City facilities and
programming lighting levels to reduce costs as much as possible while maintaining a safe
environment. In regard to KOF, Ms. Fletcher advised that exterior lighting levels are reviewed
from the standpoint of safety and interior lights are turned off where not in use and/or
emergency lighting is only applied. Ms. R. Bunn added that computers in City facilities are
programmed to power saving mode to save electricity and most staff do turn off their
computers at the end of the work day, except where there is a need to access their work after
hours.
Councillor Gazzola questioned if time of use billing applies to City facilities. Mr. J. McBride
advised that for street lights, the City purchases from the spot market to obtain the lowest price
possible and since introducing this purchasing method three years ago, the City's hydro costs
have decreased. Ms. Fletcher advised that Facilities Management uses a similar purchasing
method; however, in respect to the projected deficit, she pointed out that no increase was
provided to the electricity budget in 2010, nor since then, which has compounded the problem.
Councillor Gazzola questioned if staff could request a change in dividend received from the
Hydro Utility to mitigate present circumstances. Mr. Chapman advised that staff can only
control the transfer to be made from the City's Hydro Reserve to the tax supported Operating
budget and cannot advise the Hydro Board in respect to the amount of dividend to be received
by the City. Councillor Gazzola commented that the Hydro Utility is a subsidiary of local
government and therefore, it was his opinion that staff should be able to make
recommendation to the Hydro Board in respect to the dividend. Mr. Chapman stated that this
would be beyond staff's authority but noted that Council, as a shareholder, could approach the
Hydro Utility in respect to the dividend.
Councillor P. Singh questioned how Council could give direction to the Hydro Utility in respect
to the dividend. Mayor Zehr advised that Council cannot dictate to the Hydro Utility because it
is a separate business corporation, but could request consideration of an increase in dividend
that would then be up to the Hydro Board to accept or reject. He added that Council's only
control is through the Council representative they appointed to the Hydro Board. Mayor Zehr
stated that as a separate incorporated body, Hydro has its own fiduciary responsibility to
maintain operation of its not-for-profit organization, as well as, maintain its own reserves for its
own purpose and capital needs and they have their own policy in place with respect to
SPECIAL FINANCE AND CORPORATE SERVICES COMMITTEE
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disbursement of dividends. Councillor Singh inquired as to the last time an increase was
requested. Mayor Zehr advised that continual increased dividends have been received from
Hydro over the past several years and in presentation of their annual report in May 2011, they
indicated another increase in dividend is expected to come at year-end for 2012. Mayor Zehr
suggested and it was agreed, that Hydro's policy on dividends be circulated to Council for
information.
Councillor Singh inquired as to when the City's policy on best practices for energy
management was last reviewed. Ms. Fletcher advised that a review is pending for 2012 with
the intent to develop a new Energy Management Strategy for Council's consideration.
Issue Paper #7 -Parking Fine Revenue
Councillor K. Galloway inquired if any consideration has been given to decreasing the set fine
for tickets issued on private property to encourage private officers authorized to issue these
tickets to enhance their enforcement practices. Mr. S. Turner advised that a review of the
City's Traffic and Parking By-law is being conducted for presentation in 2012 and this issue
could be considered as part of the review and recommendation brought back in the context of
all parking ticket fines. Councillor Galloway questioned if the decrease in private property
ticket revenues is resulting from a decrease in parking violations. Mr. Turner commented that
he believed the increase in set fines for private property has resulted in more compliance and
is the primary reason for a reduction in revenues; however, he noted that there are other
factors that also contribute, advising that there has also been an increase in the number of
persons disputing tickets and taking them to Court where they may be dismissed or the trial
delayed, resulting in either no fine revenue or a delay in receiving revenues.
Councillor Gazzola requested clarification of the amount of fines for private property versus
public property. Mr. Turner advised that there is a variety of set fines based on approximately
45 different parking violations. For private property the set fine is currently $25. and public
property fines vary dependent on the violation (e.g. time limit fines at $20). Mr. Turner added
that educational programs are geared toward compliance and more compliance correlates to
less revenue, which is why parking fine revenues should not be looked upon on the same
premise as user fees which are controllable; whereas, fine revenues are not. Councillor
Gazzola questioned if expenses are decreasing in relevance to the decrease in revenues. Mr.
Turner advised that the City does not have significant expenditures with respect to tickets
issued on private property as the majority of expense is absorbed by the private officers who
have requested the ability to issue tickets on their own property. He confirmed that staff works
in conjunction with the Ontario Ministry of Transportation (MTO) to collect unpaid parking
tickets; however, it can take up to 18 months for MTO to recuperate some fines.
Mr. Turner agreed to provide additional information as to whether the City would be able to
provide a portion of its profits from private property tickets to the private officers who issue
those tickets. He cautioned that while Legal Services staff would need to be consulted, this
could equate to enforcement on a commissioning system; which may not be permissible the
under existing provincial legislation.
Issue Paper #8 -Leisure Access Service Overview
Councillor Gazzola questioned the feasibility of reducing the amount of benefits provided
through the Leisure Access fee subsidy program. He suggested that as taxpayers are facing
an additional rate increase, it may be reasonable to provide a somewhat smaller benefit to
compensate for the City's budget shortfalls.
Ms. L. Palubeski advised that customers receive the same amount of annual subsidies through
this program as they have in previous years. He stated that a challenge with reducing the
benefit amount is that fees for leisure services continue to increase on an annual basis;
therefore, any reduction would only serve to increase the gap with respect to affordability. She
added that she does not know of any other municipality that has contemplated decreasing their
annual allotment toward this kind of program. She responded further that as of December 1,
2011, the negative budget variance has increased to $17,000. She added that there has been
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no indication to date as to whether funding will be contributed by the Canadian Tire JumpStart
Foundation to assist in alleviating the existing budget shortfall.
Several members spoke in opposition to reducing the benefits provided through the Leisure
Access fee subsidy program. It was noted that this subsidy goes toward assisting the most
vulnerable sector of society and enables those people to be active in the community for a
relatively small cost. In addition, it was pointed out that this kind of upfront investment helps to
offset future social service costs to the community.
Councillor Gazzola indicated that he was not recommending a cut to this program; rather, he
was merely inquiring as to whether consideration had been given to a possible reduction.
Issue Paper #9 -New Eco-Event
Councillor Fernandes questioned if youth bands could be recruited to participate in the
proposed new Eco-Event as a means of reducing the costs. Mr. J. Young stated that may be
possible; however, consideration would need to be given to the quality of each band. He noted
that it could take considerable staff time to undertake such a review; thereby, making it
impractical. He advised that the proposed event would run along King Street from Civic
Square to Market Square, with multiple key attraction points along the route. He added that
the proposed budget was based on lessons learned from other events; such as, Square to
Square. He indicated that the timing of holding the proposed Eco-Event in August relates to
the potential for nice weather as well as the availability of King Street.
Councillor Fernandes stated that while she is supportive of the new Eco-Event, suggesting that
its budget should be reduced from the proposed $25,000. to $15,000. She added that as the
Event grows the budget could be increased accordingly.
Councillor Galloway expressed concerns with pursuing the new Eco-Event, as the potential 2%
reduction list contains a proposal to cut $25,000. from the Special Events budget; thereby
eliminating one of the City's existing festivals. She also pointed out that as this is an unfunded
item, any proposed allocation would represent an increase to the Operating budget.
Councillor B. Vrbanovic advised that he was surprised to see an existing festival on the
potential 2% reduction list. He stated that he did not believe the intent was to replace Car-free
Sunday /Square to Square event with a new Eco-Event; rather, it was to dialogue with the City
of Waterloo on hosting alternating events aimed at attracting people to each City's downtown
core. He requested that additional information be provided on the possibility of partnering with
the City of Waterloo for the proposed new Eco-Event.
Councillor loannidis spoke in agreements with the comments made by Councillor Vrbanovic
and requested that additional information also be provided on specific communities that have
run similar Eco-Events.
Issue Paper #10 -Site Plan Inspector
Mr. Hagey advised that the Site Plan Inspector position is intended to be funded through
revenues generated by site plan fees; and therefore, the requested $93,000. would have zero
impact on the tax base.
Questions were raised as to whether it was feasible to hold off on implementing the new
position so that site plan revenues could be used to offset other costs. Mr. A. Pinard advised
that in 2008 the site plan fees were restructured to generate additional revenue for staff
resources in response to concerns from the development industry regarding the time it was
taking to process a development applications. He stated that the Site Plan Inspector would
coordinate the closing of site plan files by ensuring that approved site plan developments are
implemented in a timely manner as laid out in development agreements. He noted that this
work is currently carried out by three Urban Designers whose core function is plan review and
implementation of the Urban Design Manual.
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Mr. J. Willmer responded further that when the fees were restructured in 2008 it was done with
the intent of offering a more efficient and expeditious service. He suggested that if the City is
not prepared to meet that service level, than consideration should be given restructuring the
site plan fees. He commented that the proposal would enable the City to provide a better level
of service at no cost to the taxpayer.
Councillor D. Glenn-Graham questioned if it would be possible to hire a Site Plan Inspector on
a part-time basis, and staff agreed to report back on the feasibility of that proposal. Mr. Pinard
advised that this is an ongoing function and the intent of the new position is to free-up time for
the Urban Designers to focus on plan review as well as carrying out this work function more
rapidly. He noted that given the qualifications and accreditations required, it may not be
possible to recruit someone to fill this position on a part-time basis.
BOARDS
Issue Paper #PR25 -Centre In The Square (CITS) Potential Budget Reductions
Mr. Hagey reviewed the Operating budget for the Centre In The Square (CITS). Mr. Bill Nuhn,
Interim General Manager, CITS, was in attendance, advising that to reduce their 2012 budget
by 2% would require a cost reduction of approximately $27,402. He added that this is
proposed to be accomplished by reducing in Box Office Hours; eliminating the Director of
Finance overlap; and, reducing conference attendance. He confirmed that as CITS is
requesting a 2.1% increase in base funding over what was provided in 2011, if the proposed
reductions are applied, this would equate to only a 0.1% increase.
The Committee then recessed at 12:13 p. m. and reconvened at 1:20 p. m. with all members present.
Issue Paper #PR25 -Kitchener Public Librar
Mr. Hagey reviewed the Operating budget for the Kitchener Public Library (KPL). Mr. D. Carli,
Chair KPL Board, was in attendance to address questions from the Committee. He advised
that with the completion of the expansion of the Main Branch, they anticipate that usage will
increase by 50% to 100%, as has been experienced in other municipalities such as Whitby and
Winnipeg. Consequently, the cost of operations will also increase. Mr. Carli advised that the
business plan prepared in 2004 placed these additional costs at $1.5M but they have been
able to reduce these added costs to $613,000. in 2013 and to $204,000. in 2014. The
Committee was then referred to Issue Paper PR24 on page OP-205 of the agenda.
Councillor Gazzola noted that the financial support that the KPL receives from the Province
has not increased and Mr. Carli confirmed that provincial funding has not changed in many
years. He advised that the library association has petitioned the provincial minister for
increases with no results.
In response to questions from Councillor Fernandes, Mr. Carli advised that fewer books means
longer waiting lists; and, the automated check-out is working well and is helping to reduce
costs.
Councillor Davey referred to Issue Paper PR24, questioning whether each category for
possible reductions could be considered separately and Mr. Carli responded that although the
City provides the operating funds, it is up to the Board to determine how they are allocated.
Councillor Galloway questioned how much has been cut from the Library's resource budget in
the past. Mr. Carli responded that in 2004/2005, 10% was cut from the resource budget and
this year no increase has been requested; which means that there will be fewer books
purchased due to rising costs. Respecting staffing and salaries, Mr. Carli noted that the 2004
Business Case showed that 18 additional staff would be required; however, this has since
been reduced to eight. He advised that the cost of living increase awarded to staff in
2008/2009 was set at 1%, putting KPL staff further behind. In addition, in 2010, the training
budget was reduced, which eliminated staffs' professional development day.
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ENTERPRISE OPERATING BUDGETS
Mr. Hagey presented the Operating budgets for the City's enterprises, noting that they are self-
funded through user fees and rates, as opposed to property taxes. He advised that in 2012,
staff intend to seek Council's approval to establish stabilization reserves as well as capital
reserves for each enterprise. He stated that these stabilization reserves should maintain a
balance of 10%-15% of revenues, as a means of mitigating any unforeseen issues. Mr.
Chapman noted that most utilities have these kinds of reserves in place. Mr. Hagey added
that the reserve funds would provide additional transparency, as the exact amount of money in
each reserve could be easily ascertained. He confirmed that the Building, Water and Sanitary
Utilities reserves are governed by legislation and surpluses cannot be transferred to finance
tax base expenses. Mayor Zehr requested that staff prepare examples of the reserves for two
enterprises to enable Council to visualize what they would look like.
Mr. Hagey presented the Operating budget for the Golf Enterprise, noting that revenues have
dropped due to decreased usage.
Councillor Gazzola commented that although the bottom line presented for 2011 is the same
as what was presented in last year's budget, some of the figures have changed. Ms. Kugler
advised that these changes are due some of the contracts not being finalized at the time the
2011 budget was presented. Councillor Gazzola then questioned the accuracy of the
projected $117,000. in excess revenues over expenses, and Ms. Kugler advised that some
figures have yet to be finalized, as Rockway is still open and Doon has just closed. Councillor
Gazzola then stated that when Council considered the Doon Valley Golf Course expansion, it
was anticipated that there would be a deficit of $190,000., but this has now increased. Ms.
Kugler responded that last year there was a $700,000. reduction and staff undertook a review
of the of the golf courses operations. She indicated that these studies are anticipated to be
completed in February or March 2012. She advised that when the expansion was being
considered, the number of existing golf courses was different, adding that over the last five
years the industry has undergone some significant changes. She stated that Financial
Services staff intends to undertake a review of the dividend process next year. She
commented that once expansion costs have been paid, the financial position of the Golf
Enterprise should be improved.
Questions were raised as to the timing of when money would be available from the Golf
Enterprise to transfer into a reserve fund. Mr. Hagey advised that if Council agreed to forgo a
dividend, funding could be put into a reserve in 2013.
In presenting the Building Enterprise Operating budget, Mr. Hagey advised that revenues in
2011 were higher than budgeted, adding that 2012 is also projected to be another positive
construction year. He noted that it is difficult to forecast beyond 2012, given the global
economic situation.
In response to a question from Councillor Galloway, Mr. M. Selling advised that if interest rates
remain low, the 2013 construction year should also be positive. He stated that history shows
that an economic downturn occurs approximately every seven years; accordingly, one is
anticipated to impact the 2014/2015 construction years.
Respecting a reserve for the Building Enterprise, Mr. Hagey advised that legislation will not
allow money to be transferred from the Building Enterprise to the tax base. A discussion took
place concerning direct and indirect expenses paid by the Building Enterprise and Mayor Zehr
requested a review of expenses, including all capital costs that could be charged by the City to
the Building Enterprise.
Mr. Hagey presented the Operating budget for the Parking Enterprise and referred the
Committee to Issue Papers #11 and #12. He noted that debt charges have increased because
the Civic District Parking Garage will be opening later than anticipated.
Councillor Gazzola requested clarification regarding the revenue from subsidies and Mr.
McBride explained these are due to such things as removing parking meters on the street and
SPECIAL FINANCE AND CORPORATE SERVICES COMMITTEE
1. FCS-11-217 - 2012 OPERATING BUDGET ICONT'D
allowing free parking in the City Hall parking garage on Monday evenings. With respect to
increased revenues in future years, Mr. McBride advised that it is anticipated that the City
would eventually own more parking garages, which would result in further revenues. In
addition, he acknowledged that the number of cars in City parking facilities is reduced when
rates are increased, noting that new businesses create additional demand for parking.
In response to questions from Councillor Fernandes, Mr. McBride advised that in June 2011,
$100,000. was approved for the Cycling Master Plan; however, this was not funded through
the Parking Enterprise. He stated of that amount, $50,000. was used for Transportation
Demand Management and $50,000. for a Project Manager. He noted that staff have not
started to implement the Cycling Master Plan, as no one has been hired to undertake that
work.
UTILITIES
Mr. Hagey presented the Operating budget for the Gas Works Utility and referred to Issue
Paper #13. He advised that staff anticipate presenting a policy in 2012 concerning rates of
return and the dividend to the City. He added that also in 2012, an evaluation of the Gas
Works Utility is intended to be undertaken.
Councillor Gazzola spoke to the transfer from the Gas Works Utility to the Capital budget,
stating that he would prefer to see a transfer of $3M to the Tax Stabilization Reserve Fund.
Mr. Hagey referred to Issue Paper #13, stating that such a transfer is not part of this budget.
Councillor Gazzola stated that staff seems to have been conservative with this budget, and Mr.
Hagey noted that if the Utility is less profitable in the future, then the reduction in revenue will
accumulate over all years of the Forecast.
Respecting rates charged to customers, Mr. W. Malcolm stated that a rate increase has not
been proposed for 2012. Rates will remain the same until April 2012 and if necessary, an
adjustment would be made in July 2012. Mr. Malcolm advised that there is no mark-up on the
supply of gas, so the cost to customers depends on what the Utility has to pay. He also
advised that 43% of the required amount of gas has already been purchased for 2012. He
noted that prices are currently stable and no large increases are anticipated from the supplier.
With respect to transportation costs, Mr. Malcolm advised that the City's rate is based on the
TransCanada Pipeline rate and will be based on the rate decision made in 2012.
Mayor Zehr referred to the Gas Rate Comparisons on page OP-17 of the agenda. He
questioned what rate reduction would be possible and what effects a rate reduction would
have on transfers to the reserve and tax supported functions. Mr. Chapman agreed to prepare
an Issue Paper in this regard, noting that supply rates cannot be adjusted and delivery rates
match those of Union Gas. Upon further questioning, he agreed to prepare an additional Issue
Paper on reserve management.
Mr. Hagey advised that the combined rate increase for water and sanitary is 6.9% based on
current projections; however, this is likely to change as the Region of Waterloo is considering a
lower Regional rate for 2012. He added that once a decision is made mid-December on the
Regional rate, the City's forecast and projections will be updated.
In response to questions from Councillor Gazzola, Mr. Hagey clarified percentage increases
under the Water Utility for water retail rates, Region wholesale rates and consumption.
Councillor Gazzola stated that it was his hope that the water and sanitary rates when finalized
would be kept to the same percentage increase as the tax rate. He advised that he did not
share the need for higher percentage increases as proposed, given water rates have
increased by approximately 206% and sanitary by 302% over the past 10 years; and, are now
on the plus side, negating the need to maintain large increases. Councillor Gazzola
questioned if there was any reason his suggestion would not work. Mr. Chapman advised that
staff could come back with an Issue Paper on differing rate scenarios; however, the City
remains behind on its target for infrastructure replacement and the shortfalls continues to grow
each year. He suggested that even though an increase may not be required in 2012, it would
be prudent to do so in order to contribute to the building of reserves.
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1. FCS-11-217 - 2012 OPERATING BUDGET ICONT'D
Councillor Gazzola inquired how the infrastructure replacement shortfall manifested. Mr. G.
Murphy advised that as infrastructure ages so does the risk of increased system failures and
the Accelerated Infrastructure Replacement Program (AIRP) attempts to stay ahead of the
issue; however, much of the aging infrastructure is of a post-war timeframe and it becomes
more likely for issues to occur. Mr. G. McTaggart added that the costs to this work gets more
expensive each year and the amount of work that is required in the future related to post-war
infrastructure is substantial. He stated that if the City does not keep pace with its replacement
targets for 2032 and has to add the post-war work then, the impact will be significant and
problematic.
Mr. Hagey advised that the Water Utility is projecting a surplus at year-end which staff is
recommending be transferred to the Water Stabilization Reserve. It was noted that water
purchases from the Region have been declining at a greater rate than customer consumption,
which is being experienced by all area municipalities and has been identified by the Region for
investigation. He added that the decline has not been accounted for in the 2012 budget
pending the outcome of the Region's investigation. The Water Utility's 2012 and 2013 forecast
is currently based on a 6.9% retail rate increase and will be adjusted in accordance with the
results of the Region's investigation.
The Sanitary Utility is trending below budget due to higher inflow /infiltration from wetter than
normal spring weather. Notwithstanding, asurplus is projected at year-end resulting from an
off-set of capital close-outs and it is recommended the surplus be transferred to the Sewer
Stabilization Reserve. The AIRP has met only 48% of the program target and Mr. Hagey
advised that had original targets been met the City would have completed approximately 70
km of infrastructure replacement instead of only 33 km. The water and sanitary share of the
shortfall represents $106M and is primarily attributed to unexpected construction price
increases. He stated that other contributing factors include changes in environmental
legislation, and increased demand among the construction industry due to an influx of
municipal projects related to the Federal Infrastructure Stimulus Grant Program.
Councillor Z. Janecki questioned if the projected increases for water and sanitary rates over
the next 20 years can be attributed to development growth. Mr. Hagey stated that growth in
part has some impact, but suggested that projections relate more to increased legislation;
particularly in regard to water quality, and the additional work required for compliance. Mr.
Murphy added that it should be kept in mind that rates are geared toward operation,
maintenance and capital upgrades of water and sanitary infrastructure. He noted that since
the Walkerton incident, substantial changes have been made in regulations to address drinking
water quality and pointed out that the Region has put effort into undertaking significant
upgrades for water and sanitary facilities such as Mannheim and other pumping stations /
reservoirs. Mr. Murphy stated that while he understood the concerns regarding development
growth, it was his opinion the primary reason for rising costs is due to regulatory changes.
Respecting the Sanitary Utility, Mr. Hagey advised that surpluses are to be transferred to a
Capital reserve; however, the overall this Utility is not meeting budget. The forecast for 2012
to 2016 is based on a 6.9% retail rate increase and a 7.9% processing rate increase, with the
7.9% going to the Region.
Respecting implementation of the AIRP in 2004, Councillor Singh questioned whether the
target can be met with the available resources. Mr. Murphy responded that staff are doing
their best to meet the infrastructure target; however, to reach the goal of 8.6 km would require
additional resources.
Respecting increases to Regional water rates, Mayor Zehr advised that they have been
modified as the increase started at 9.9% and is now 7.9%; however, this needs to be finalized
by Regional Council. Respecting the Region's water costs, Mr. Chapman stated that the costs
can be confirmed and included in an Issue Paper.
Mr. Hagey then advised that a 3% increase in storm water rates is proposed for 2012 and each
year of the Forecast. He noted that the budget is less than proposed, due to the mid-year
discount instituted in 2011.
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1. FCS-11-217 - 2012 OPERATING BUDGET ICONT'D
Councillor Fernandes questioned which municipalities have an infrastructure replacement
program and Mr. Murphy responded that no other municipalities have a program like the one at
the City of Kitchener and none of the existing programs have triple funding sources as we do.
Mr. Murphy advised that he will investigate whether any other municipalities have an
accelerated program.
Councillor Fernandes commented that the more the City spreads out, the more infrastructure
that will eventually have to be replaced. She suggested that development should be
concentrated in the existing serviced area.
Councillor Fernandes then indicated that it was her understanding the Stormwater Utility would
be revenue neutral. Mr. Murphy advised that there are two components: the base budget plus
an increase in service level. This will allow the City to undertake stormwater management
projects; such as, Victoria Park Lake. Mr. Chapman noted that last year Council approved a
business model for the Stormwater Utility that included a 3% increase. Respecting the
proposed credit policy, Mr. Murphy advised that a report in this regard will be coming forward
and if Council decides on a different policy, the figures presented today will have to be
changed.
POTENTIAL REDUCTION ITEMS
The Committee reviewed the Potential Reduction Items listed in the agenda package along
with the Issue Papers detailing each item.
Councillor Vrbanovic questioned the elimination of "Your Kitchener", stating that Kitchener
Utilities and the Kitchener Memorial Auditorium use this method of communication for
advertising. He questioned what the impact will be on advertising budgets, if they were
required to use a different newspaper of advertising. He also questioned consistency with the
City's practices on community engagement and staff agreed to provide an Issue Paper further
detailing this proposal.
In response to questions, Ms. A. Bailey advised that "Your Kitchener" is delivered to 63,000
households by the Waterloo Region Record, and the Kitchener Citizen is delivered to 66,000
households.
Councillor Janecki questioned the advertising budget of the various City divisions and was
advised that information would be included in the requested issue paper. Councillor
Etherington questioned the value of "Your Kitchener"; whereas, Mayor Zehr spoke in favour of
keeping this City newspaper, noting that not everyone is connected to electronic media.
Councillor Davey requested that the Issue Paper include distribution costs for "Your Kitchener"
if it would be delivered by the Kitchener Citizen.
The Committee next considered Issue Paper PR02 respecting the Holiday Parking Subsidy. In
response to questions about discussions, Mr. C. Bluhm advised that discussions have taken
place at the staff level with the Kitchener Downtown Business Association and are anticipated
to take place with the Board. He noted that a report on those discussions is anticipated to
come forward in January 2012.
Councillor Gazzola questioned Issue Paper PR18 respecting reducing the sidewalk infill capital
program and whether it is part of the Capital budget or Operating budget. Mr. Chapman
advised that it is part of the Capital budget funded from current tax revenue. Councillor
Gazzola then requested a complete summary of all categories of each division's budget for
2011 actuals and the 2012 budget, to be provided prior to final Budget Day.
Councillor Vrbanovic questioned whether there has been any discussions with the
Neighbourhood Associations (NA) respecting Issue Papers PR10 to PR13 and was advised by
Ms. Campbell that discussions have been limited but will increase closer to Budget Day.
Councillor Vrbanovic stated that NA do great work at no cost to the City. If the NAs become
demoralized, the City would have to start paying for this work. He stated that he was very
surprised to see these suggestions and stated that staff is targeting the wrong things.
SPECIAL FINANCE AND CORPORATE SERVICES COMMITTEE
1. FCS-11-217 - 2012 OPERATING BUDGET ICONT'D
Councillor Vrbanovic next referred to Issue Paper PR15 concerning City owned festivals, and
questioned the amount of corporate sponsorships. Mr. Young advised that staff have made
significant strides respecting obtaining corporate sponsorships for these festivals and will
continue to pursue them. Further, staff will also be seeking corporate sponsorships for new
festivals that are being developed.
Mayor Zehr commented on Issue Paper PR15 that staff should be cautious about adding
another festival if one of the existing festivals is to be removed.
Councillor Galloway questioned if there are any sites close to the ones identified in Issue
Paper PR06 that could accommodate the children from the five Summer Playground
Programs. Ms. Palubeski advised that staff will be redeployed with the intension that the
programs are located close to where the patrons live. She added that registration ends one
week before the programs begin and if the registration is low, staff will discuss the matter with
the families.
In response to questions regarding the movie licences outlined in Issue Paper PR10, Ms.
Campbell advised that in addition to the NA, the licences are used by rental groups and City
programs. In terms of sharing the costs, Ms. Campbell indicated that approximately only two
NAs could afford the costs.
In response to questions from Mayor Zehr concerning the sidewalk infill program, Mr.
McTaggart advised that the program has not been implemented for the last two years; as the
gas tax funding has been used for other projects. Ms. P. Houston noted that this change has
been shown in the Capital Forecast.
Respecting the Property Tax Administration Fee, Mayor Zehr asked that staff examine the
applicability, adding that in the case of minor changes the fee seems a little unreasonable. Ms.
J. Evans stated that staff is aware of the problems associated with the administration fee and
agreed to provide information in this regard.
Councillor Janecki referred to Issue Paper PR17 respecting the Property Tax Administration
Fee and questioned whether the Cities of Cambridge and Waterloo have a utility administration
fee. Ms. Evans advised that she would investigate and also report back on that issue.
Mayor Zehr next commented on Issue Papers PR21 and PR22 respecting Sportsfield and Turf
Maintenance, noting that as many complaints are received about grass as there are about
snow clearing and stated that he could not support the proposed reductions.
Councillor Etherington spoke against the potential reductions for Summer Playground
Programs and reductions to any children's or youth programs. Councillor Etherington then
declared a pecuniary interest with Issue Paper PR16 respecting the grant to the Residential
Energy Efficiency Program CREEP), as he is currently having insulation installed in his home
as a result of this program.
Councillor Singh referred to Issue Papers PR5 to PR13 dealing with reductions to community
programs, advising that he could not support any one of them. He requested that staff provide
feedback from the users of these programs prior to final Budget Day.
Respecting the sidewalk program and the gas tax rebate, Councillor Fernandes questioned
whether Council can decide where this money is spent. Mr. McTaggart advised that there is a
wide range of projects that can be funded. Mr. Chapman added that no money has been
allocated to the sidewalk infill program over the last few years. He noted that $68,000. has
been included in the Budget for this purpose, which may be unencumbered.
Respecting the $10,000. reduction for Facilities Management outlined in Issue Paper PR19,
Ms. Fletcher advised that a strategic plan will be undertaken which should reduce costs by
$10,000. In addition, consistent processes and practices will be developed respecting
corporate leases.
SPECIAL FINANCE AND CORPORATE SERVICES COMMITTEE
FCS-11-217 - 2012 OPERATING BUDGET (CONT'D)
In response to questions from Councillor loannidis concerning reductions in playground
programs, Ms. Palubeski advised that most are '/2 day programs and working parents need full
day programs, so staff are moving in that direction. She also advised that programs in
community centres are more desirable than programs in schools.
Councillor Glenn-Graham stated that it is important to maintain service levels in the
community, so for the most part these programs should be preserved. He questioned the
normal time for opening the Civic Square skating rink. Ms. Kugler advised that it is normally
occurs on December 15t in time for the Christkindl Market; however, if the weather is cold in
November, it may open earlier. In response to questions from Councillor Glenn-Graham about
the amount chosen for the Revenue Administration Fee, Ms. Evans advised that $35. was
chosen so as to be consistent with the Utility Administration fee. Councillor Glenn-Graham
then questioned the potential reduction for Sportsfield Maintenance, Mr. Witmer advised that
there may be an impact on the price that can be charged for use of these sportsfields and he
was directed to provide information on the potential impact of such a reduction.
In response to questions concerning Issue Paper PR23 regarding a temporary labour hiring
delay, Mr. Witmer advised that it would be better to save money at the end of the season, as a
delay at the beginning of the season may cause problems for users. He was directed to
provide additional information on the impact of this proposal.
Mr. Hagey then proceeded to explain next steps, advising that amortization and post-
employment benefits are not included in the Budget; however; Council must pass a resolution
in this regard and accordingly, they will be included in the report /resolution for final Budget
Day. He stated that prior to final Budget Day there would be a public meeting to gather input
on the 2012 Budget. Mr. Hagey was directed to provide details by final Budget Day of any
revenues that would be lost if the potential reductions in Issue Papers PR21 and PR23 were to
be implemented.
Councillor Glenn-Graham requested that an Issue Paper be brought forward for final Budget
Day on the impacts related to freezing senior management salaries in 2012 for the City of
Kitchener, Kitchener Public Library and the Centre in the Square.
Mr. Hagey proposed that the Committee adopt a resolution regarding the directions put
forward during this meeting. He then provided the Committee with a list of those items.
On motion by Councillor B. Vrbanovic -
itwas resolved:
"That staff be directed to report and/or take appropriate action on the following matters
arising from the December 5, 2011 special Finance and Corporate Services Committee
meeting relative to the 2012 Operating Budget, as outlined in the chart below:
TOPIC ACTION
Topic -General Overview Provide an analysis that breaks out the general expense
item from the Net Expenditure by Department chart (Page
OP-20 into its ma~or com onent arts.
Provide an analysis that breaks down total expenses by
cost element Salaries, Utilities, etc. .
Provide information on the benefit plans across the various
employee groups and identify whether the City is required
to a benefits for art time and tem orar em to ees.
Provide information on how the City negotiates credit card
agreements as well as how often are credit cards used and
if the Cit can char e customers a convenience fee.
Provide further details on Kitchener-Wilmot Hydro dividend
olic .
Unfunded Items For final Budget Day. provide an Issue Paper detailing of
the current a in ro ram.
Provide information on Parking Fine Revenue, specifically:
what the impact would be if the parking fine was reduced to
from $25. to $20., and if a portion of the profits from private
ro ert tickets can be rovided to ro ert owners.
Provide information on the ro osed Eco-Event related to
SPECIAL FINANCE AND CORPORATE SERVICES COMMITTEE
partnering with the City of Waterloo (when their event will
be held, in order to maximize attendance), and research
s ecific communities that have run similar events.
Core Complement Increases Provide further details as to whether the Site Plan Inspector
position could be part-time versus full-time, as a means of
rovidin some bud et savin s.
Enterprise Reserve Funds For final Budget Day, provide information on the creation of
Enterprise Reserve Funds and examples of two enterprise
stabilization reserve funds.
Gas Works Utility Prepare analysis on possible Gas Rate reduction scenarios
and the effect on a) Revenues, b) Gas Capital Investment
Reserve Fund su I rate verses Union Gas
For final Budget Day, provide an Issue Paper on
transferring $3M, $2M, $1 M to the Tax Stabilization fund
from the Gas Capital Investment Reserve Fund because of
2011 erformance.
Sanitary & Water Prepare updated on water /sewer projections as a result of
changes implemented by the Region of Waterloo and
include rate com arisons with other munici alities.
Potential Reductions PR01 Your Kitchener: How will enterprise advertisements
be impacted if Your Kitchener is cut? What is the lost
advertising revenue if they discontinue producing Your
Kitchener? Provide matching quotes and options for the
Kitchener Citizen same basis as Kitchener Post.
PR17 Property Tax Administration Fee: Provide additional
information on the circumstances for when the property tax
admin fee will apply. Confirm that Waterloo and Cambridge
are also char in Ownershi and Utilit transfer fees.
PR21 Reduced Sportsfield Maintenance and PR23
Temporary Labour Hiring Delay: What is the lost revenue
associated with PR21 and PR23 if these reductions were
done.
PR10, PR11 and PR12 Potential Reductions Impacting
Neighbourhood Associations: staff to notify affected
Neighborhood groups of potential reductions; thereby,
providing them with an opportunity to attend the public input
session bein held Januar 9. 2012.
Divisional Budget Information For final Budget Day. provide an Issue Paper on the impact
of freezing salaries for Council, management. Centre in the
S uare and Kitchener Public Librar .
Provide additional financial information that includes:
2011 bud et, 2011 actuals, 2012 bud et.
ADJOURNMENT
On motion, the meeting adjourned at 5:05 p. m.
D. Gilchrist C. Goodeve
Committee Administrator Committee Administrator